NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Tuesday:

Cramer said Cliffs Natural Resources (CLF) is a China trade that now yields 7% and is headed much higher. He was also bullish on Vale (VALE) , a stock he owns for his charitable trust, Action Alerts PLUS, saying that it's not too late to own this stock. CLF ended trading Tuesday up 1.8% but Vale was unchanged.

Cramer was bearish on Pan American Silver (PAAS) , saying if investors want to own silver, buy a silver ETF rather than the miners themselves. He was also shocked at the huge earnings miss by SAP (SAP) , saying everyone, including him, expected blowout results. PAAS was down 1.9% while SAP dropped 5.3%.

When asked about a downgrade of Regeneron (REGN) , Cramer's response was, "Give me a break," although he noted Regeneron remains a great company. Likewise with an upgrade on Celgene (CELG) that was posted today after the stock's monster run higher. Cramer questioned where the analyst has been the past few weeks. REGN ended the day down 2.5% but CELG rose 1.8%.

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